Wednesday, July 9, 2008

What are my services?

Why use a real estate agent?

What will i do, What is my service?

There are buyer services and there are seller services. Here we will discuss buyer services.

Buyer Services
  1. Prequalification
    1. looking at your monthly income and expenses and figuring out what kind of monthly obligation you are comfortable with.
    2. Looking at what kind of funds you have available for down payment
    3. Look at what payments you will need to make including insurance, taxes, adjustedtaxes, Condo fees, ground rent, mortgage insurance, electric bills, gas bills, principal payments, and interest payments.
    4. Looking at all of these factors figuring out what price range you should be looking into.
  2. Matching you with properties that match your needs.
    1. I will work with you to figure out what it is that you want in a house. Spending time to adctually get precise with what it is that you like in a house, reduces wheel spinning and informs me about what to show you.
      1. General Style
        1. townhouse, detached
        2. Garden
        3. Garage spaces
      2. Location Location Location
        1. Schools
        2. Traffic outside of house
        3. Lighting (Southern facing houses get more light)
      3. Kitchen Appointments
        1. How Updated do you like, and what do you want in a kitchen?
      4. Bathrooms
        1. How many, and what do you need?
          1. Can it just have a shower?
          2. Just have a bath?
    2. Monitoring the market and sending you properties that match your needs the moment they come on the market.
    3. Comparative Market Analysis
      1. Once you find a property, providing you with a report showing what similar properties have sold in the neighborhood and at what price.
      2. Foreseeing potential Appraisal issues, both in price and in condition of the house.
    4. Preparing a 30page contract
    5. Contract Negotiation
      1. Time
      2. Price
      3. Earnest Money deposit
      4. Financing contingencies
    6. Home Insepection
      1. Providing you with a Solid dependable Home Inspection
    7. 2nd round of negotiations
      1. Figuring out what to demand from the home inspection report.
      2. Coordinating and verifying that the work was done in a satisfactory manner
    8. Bank Communications
      1. Making sure that things are going the way that they were thought to go and foreseeing potential problems before they happen
      2. Coordinating with appraiser to make sure they can get into property.
      3. Making sure that the appraisal is using valid comperable market research.
    9. Title coordination.
      1. Making sure title work has been started.
      2. Obtaining ground rent information about property
      3. Coordinating closing date for all parties
    10. Closing

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